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Hi Srikanth, you asked a very good and valid question. And I will love to revert on it.
First thing is, you need to understand that TA & a trading system are two different things. TA doesn't makes money, your system does.
TA just tells you that there are higher odds of (1/n)
First thing is, you need to understand that TA & a trading system are two different things. TA doesn't makes money, your system does.
TA just tells you that there are higher odds of (1/n)
something happening over another thing.
If you read the bible of TA - John J. Murphy's Technical Analysis of the Financial Market, you won't be able to make money from it, as it might tell you about all sort of studies that can tell about having higher odds of one outcome (2/n)
If you read the bible of TA - John J. Murphy's Technical Analysis of the Financial Market, you won't be able to make money from it, as it might tell you about all sort of studies that can tell about having higher odds of one outcome (2/n)
over another but there is much more left to be addressed to make it an implementable trading strategy.
This is the difference between a setup and strategy, which we often use interchangeably, but they are two different things. Setup is part of strategy. For example, the (3/n)
This is the difference between a setup and strategy, which we often use interchangeably, but they are two different things. Setup is part of strategy. For example, the (3/n)
